Banking and Financial Services

CIT-U wins in CitySavings 1st Hackathon

Students of Cebu Institute of Technology University (CIT-U) bested 4 other schools during CitySavings’ own Hackathon last September 10 at Summit Circle Hotel, Cebu City.

CIT-U’s winning mobile app, “CitySavings Loan”, aims to make the loan application and approval process more convenient for the teacher-clients with the use of a smartphone. They received PHP10,000 as overall champion while other participating teams from the University of San Carlos, University of San Jose-Recoletos, University of Southern Philippines Foundation, and STI College Cebu received PHP2,000 each as consolation prizes.

The competition is a first for the Bank where the student participants demonstrated their quick thinking, collaboration, and creative problem solving skills by developing a digital solution for a given business scenario within the six-hour hackathon duration.

CitySavings Board member Ana Aboitiz- Delgado, who also served as one of the judges, believes that going digital opens up a lot of doors for the Bank to make better decisions and to come up with better services delivered over digital channels.“It’s going to enable us to reach more teachers and change more lives,” she added.

CitySavings EVP for Channel Management Levi Villanueva sees Cebu as a fertile ground for a lot of IT talents. “The hackathon is a better way to provide these talents with an opportunity to showcase their innovation, responsibility, and teamwork which are all core values of the Bank. Throughout this exercise we want them to have an increased awareness of the society and more specifically of the teachers; they are doing work that we believe is something very honorable,” he said.